Another billion-dollar deal is shaping up with Britain's EG Group to buy around 800 convenience stores from US grocer Kroger. Amazon continues its strong performance in Europe and reaches a settlement with French tax authorities, while Alibaba steps up its competition with the US online disrupter in India. Enjoy the read!




Tuesday, 06 February 2018





Hello ,

Another billion-dollar deal is shaping up with Britain's EG Group to buy around 800 convenience stores from US grocer Kroger. Amazon continues its strong performance in Europe and reaches a settlement with French tax authorities, while Alibaba steps up its competition with the US online disrupter in India. Enjoy the read!

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US & Canada


Convenient deal ▪ Supermarket chain Kroger is selling its convenience store business to the British gas station operator EG Group for US$ 2.15 billion as it sharpens focus on its grocery business. EG Group has established partnerships with global brands including Carrefour, Starbucks and Subway.



Falling behind ▪ Regional department store chain Bon-Ton has filed for Chapter 11 bankruptcy protection. The regional department store chain, which operates around 260 locations and is about to close more than 40 stores, says it will explore strategic alternatives, including a sale of the company.



Movers and shakers ▪ Toronto-based retail group Hudson’s Bay named CVS Health executive Helena Foulkes to head the department store company as it looks to turn around flagging sales. Canadian apparel chain Lululemon Athletica announced that its boss, Laurent Potdevin, has resigned, claiming misconduct.




Europe


Winning streak ▪ Amazon has again proved that there is no stopping the online juggernaut in its two largest international markets, in Germany and the UK, where it has reported strong performances. Over in France, the retail disruptor could reach a settlement with tax authorities over a five-year-old case.



Tesco announcements ▪ Booker boss Charles Wilson will be promoted to Tesco's new UK and Ireland chief once the British supermarket leader has completed the acquisition of the wholesaler. In Poland, Tesco plans to close 18 loss-making stores across the country and will also reduce the number of team managers in large stores.



End of trial ▪ Sainsbury's will finish its partnership with Euro Garages, putting an end to the grocer's forecourt convenience operation. The British supermarket chain agreed to the tie-up with the petrol station operator two years ago to trial shops on six of its sites.




Asia & Australia


Battleground India ▪ Alibaba has stepped into the country's fast-growing grocery space with a US$ 146 million investment in leading online grocer Bigbasket. Meanwhile, e-commerce marketplace Flipkart reported massive losses and has to face the fact that rival Amazon has the most search clicks in India.



Challenges Down Under ▪ Aldi Australia’s expansion will continue across the nation this year. The German discounter is set to open 32 new stores, with seven in NSW. The continent's inland infrastructure and spread-out population proves to be a major hurdle for Amazon, which still has to find its way.



Profitability problems ▪ South Korean convenience store operator GS Retail has posted a slump in net profit amid a worsening domestic business environment for retailers. Also, the company has seen poor performance for its health and beauty products store chain.




Image gallery


Walmart in China ▪ Key to success in a foreign country is to cater to all aspects of the culture. Chinese Walmart stores have open vats of rice and live fish in tanks. They may not look like anything out of the ordinary from the outside, but have a look at the interior. It couldn't be more different.



Bergendahl in Sweden ▪ The country's fourth-largest grocer has launched a new compact hypermarket concept. The City Gross store, located in Kristianstad, offers a pleasant shopping experience according to LZ Retailytics, with a few extravagant displays. Click here for more information and a number of pictures.